<ul><li>BlackRock, the world's largest asset manager, recently purchased $34.7 million worth of Ethereum (ETH), following a prior acquisition of $48.4M of ETH.</li><li>These moves indicate BlackRock's effort to diversify its crypto portfolio, with amounts ranging from 9,000 to 58,000 ETH, showcasing a broader crypto investment strategy.</li><li>Ethereum's market performance, trading at $2,609.26 on June 5 with a $9.84B 24-hour volume, has attracted institutional interest due to its leading role in smart contracts and DeFi applications powered by the Ethereum Virtual Machine (EVM).</li><li>The high-profile announcement of BlackRock's ETH purchases at the Institute of International Finance event underscores Ethereum's increasing legitimacy among institutional investors as confidence in the cryptocurrency grows.</li></ul>

BlackRock Boosts Ethereum Portfolio with a NEW ETH Coin Purchase Worth $34.7M

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